Japan Is The Next Greece
Japan’s public borrowings, the world’s biggest, will balloon to 245.6% of its annual economic output in 2014, up from 67.3 percent in 1984. According Takeshi Fujimaki, former adviser to billionaire investor George …Soros, Japan may default within five years. Fujimaki said, “The yen and the JGB market are in a bubble,” Fujimaki said. “With the gigantic debt Japan has accumulated, a thin needle, or even a gentle breeze may pop this. Events in Europe can possibly trigger this to blow up.” Fujimaki closed with, “There’s no way out of Japan’s crisis,” Fujimaki said. “The only option left for Japan is either default or print money into hyper-inflation.” Fujimaki says Japan will default in 5 years, but the astrological blackbox economic forecast shows that Japan will is already in the process of defaulting on its debt and we can expect the Japanese Central Bank to continue printing massive amounts YEN to hold off the coming finanical tsunami in 2014.